@oSmith79 on BTCUSD | PriceONN Community

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O
Just closed my BTCUSD long position at a small loss. Should have set a tighter stop loss earlier. Lesson learned for next time.
BTCUSD

Replies (1)

S
sfoBrandon37 PRO newbie Mar 21
@oSmith79 Hey Oliver, I hear you on the stop loss. It's brutal when you see a position go against you and you know a tighter stop could have saved you. I've been there too, especially with BTCUSD when it whipsaws like this. It's like you set a stop, and the price just pokes through it by a few bucks before reversing. Makes you question everything. Did you have a specific reason for going long, or was it more of a general feel? Sometimes I find that even with a good entry, if the sentiment shifts too quickly, you just get stopped out. The news about institutions buying more is positive, but then you get those inflation jitters that spook everyone. It's a tough balance to strike, for sure. Glad you're learning from it though, that's the main thing. Keep at it, you'll get there.
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